Gozo and Comino contributed 4.4% of GDP in 2019, with 8.8% increase in GVA

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Gozo and Comino contributed 4.4% of GDP in 2019, with 8.8% increase in GVAIn 2019, provisional estimates indicate that the contribution of Gozo and Comino region to national Gross Domestic Product (GDP) at market prices accounted to 4.4% or €586.2 million, the National Statistics Office said.

The NSO noted that during the same year Regional Gross Value Added (GVA) at basic prices in the regions of Malta, and Gozo and Comino was estimated at €11,427.1 and €521.0 million respectively; reflecting corresponding increases of 8.4 and 8.8% over 2018.

Gozo and Comino Region

All industries in the Gozo and Comino region registered increases in GVA during 2019 when compared to the previous year. The industries comprising the public administration and defence; compulsory social security; education; human health and social work activities accounted for the highest share at 24.4% of the total GVA.

When compared to the previous year, these industries registered an increase of 1.8%, the NSO said.

The industries of wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage; accommodation and food service activities accounted for the second highest share of the GVA at 20.5% and have registered a growth of 2.6% over 2018.

Regional Gross Domestic Product

In 2019, GDP at market prices in the regions of Malta, and Gozo and Comino was estimated at €12,858.0 and €586.2 million, respectively, corresponding to 95.5 and 4.4% of national GDP at market prices. GDP per capita at market prices increased year-on-year in both regions.

The per capita GDP at market prices for the Gozo and Comino region stood at 65.1%, while that of the Malta region as a percentage of the national was 102.4%.

The NSO explained that the per capita regional GDP does not reflect the income available to the private households of each respective region, but it strictly relates to the economic activity prevailing in each of the regions.

Population and Employment

In comparison to 2018, total population in the Gozo and Comino region increased by 3.1%, whereas that in the Malta region increased by 4.3%.

Almost all industries in the Gozo and Comino region registered increases in employment during 2019, with the exception of a slight drop in the industries of the professional, scientific and technical activities; administrative and support service activities.

The NSO noted that the largest increases were registered in the industries of construction (F); and real estate activities, which growth rates were of 22.0 and 15.3% respectively.

All industries in the Malta region registered increases in employment when compared to the previous year.

The largest percentage increases resulted in the economic activities relating to construction and professional, scientific and technical activities; administrative and support service activities, registering growths of 16.1 and 10.1% respectively.

Photo by Alain Salvary

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